Read Millionaire Fastlane
- Jul 27, 2007
"Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.
Yes, I mean no monthly cashflow. You have to survive by borrowing (taking out loans). So each time you land (or pass) paycheck, you must deduct all of your expenses, but you get no income! (kinda like being downsized but still having to make mortgage payments and feed your family).You have mentioned many times in posts that you like to start with no pay but still with all expenses.
Do you mean no monthly cashflow? Is that because you take out a loan right away so that raises your expenses?
I've played with Russ.Why I Play Cashflow
Part of the fun of cashflow is playing fast and loose, and trying new things to see if they work.
My focus has changed from paying off debts and building cashflow slowly, to worrying less about debt, and focusing more on what opportunities are available. The way to win -quickly- at cashflow is to get as many opportunities as possible, as quickly as possible. Sell off the winners when the market cards come up, and you quickly have enough cash to pay off your bank loans and start swinging bigger deals. At that point, my focus changes-- I no longer take as much risk and borrow as much money; I focus on buying lots of big deals that give me massive cashflow.
Agreed. Unless you are willing to actually do this by partnering in real life.mglshark said:You can get out of the game within 10 - 20 mins. by a rules "cheat" (exploit?) I seen players do - pooling everything together so player 1 gets big deal - hits the rat race and turns over assets to player 2 who now gets out, etc. A mind bender when I first saw it, but defeats the teaching element of the game.
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